Appendix | 203
Two-and Three-Bedroom Rental Units
Two-bedroom units in newer apartment communities generally offer
between 1,000 and 1,250 square feet of space at $1,100 to $1,500 per
month. Three-bedroom units range from 1,250 to 1,400 at $1,400 to
$1,700 per month. One- and two-bedroom units are the most popular
choices for renters. The Class A rental market is strong, as evidenced
by few concessions and strong occupancy.
$2,200
Price-to-Size Relationship – Two-Bedroom Units
Newer Apartments in Chesapeake, VA; February 2014
Price-to-Size Relationship – Three-Bedroom Units
Newer Apartments in Chesapeake, VA; February 2014
$1,300
$1,500
$1 600
$1,800
$2,000
$1,100
$1,200
$1,400
,
$900
900
1,000
1,100
1,200
1,300
1,400
Aura at Towne Place 2B/2Ba
The Carlton at Greenbriar 2B/2Ba
The Morgan 2B/2Ba
The Morgan 2B/2Ba/D
Tapestry Park 2B/2Ba
Bell Great Bridge 2B/2Ba
Belmont at Greenbriar 2B/2Ba
Hideaway at Greenbriar 2B/2Ba
$1,000
1,200 1,300 1,400 1,500 1,600 1,700
Aura at Towne Place 3B/2Ba
The Carlton at Greenbriar 3B/2Ba
The Morgan 3B/2Ba
Adalay Bay 2B/2Ba
Fenwyck Manor 2B/2Ba
Fenwyck Manor 2B/2Ba/G
Fenwyck Manor 2B/2.5Ba/TH
Fenwyck Manor 2B/2.5Ba/TH/G Streets of Greenbrier 2B/2Ba
Streets of Greenbrier 2B/2Ba/L
Tapestry Park 3B/2Ba
Bell Great Bridge 3B/2Ba
Belmont at Greenbriar 3B/2Ba
Hideaway at Greenbriar 3B/2Ba
Adalay Bay 3B/2Ba
Fenwyck Manor 3B/3.5ba/G
Dominion Boulevard | City of Chesapeake | April 11, 2014 | E4-11982.40
58
Streets of Greenbrier 3B/2Ba
Source: Individual Project Websites; Leasing Agent interviews
